TSEC:3406

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Genius Electronic Optical

Executive Summary

Genius Electronic Optical Co., Ltd., an optical technology company, designs, develops, and supplies lenses in Taiwan. More Details


Snowflake Analysis

Outstanding track record with flawless balance sheet.

Share Price & News

How has Genius Electronic Optical's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3406 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3406's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-7.6%

3406

-1.6%

TW Electronic

-0.2%

TW Market


1 Year Return

-23.0%

3406

16.1%

TW Electronic

28.6%

TW Market

Return vs Industry: 3406 underperformed the TW Electronic industry which returned 16.1% over the past year.

Return vs Market: 3406 underperformed the TW Market which returned 28.6% over the past year.


Shareholder returns

3406IndustryMarket
7 Day-7.6%-1.6%-0.2%
30 Day-19.7%9.1%8.8%
90 Day-22.6%21.8%20.6%
1 Year-22.1%-23.0%20.2%16.1%33.1%28.6%
3 Year68.7%64.1%31.4%15.8%55.3%37.8%
5 Year795.0%770.7%112.6%74.1%135.7%94.2%

Long-Term Price Volatility Vs. Market

How volatile is Genius Electronic Optical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Genius Electronic Optical undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3406 (NT$454.5) is trading below our estimate of fair value (NT$1001.92)

Significantly Below Fair Value: 3406 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3406 is good value based on its PE Ratio (16.3x) compared to the TW Electronic industry average (17.1x).

PE vs Market: 3406 is good value based on its PE Ratio (16.3x) compared to the TW market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: 3406 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 3406 is overvalued based on its PB Ratio (3.1x) compared to the TW Electronic industry average (1.6x).


Next Steps

Future Growth

How is Genius Electronic Optical forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3406's forecast earnings growth (16.1% per year) is above the savings rate (0.8%).

Earnings vs Market: 3406's earnings (16.1% per year) are forecast to grow slower than the TW market (18.7% per year).

High Growth Earnings: 3406's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3406's revenue (10.4% per year) is forecast to grow slower than the TW market (11.1% per year).

High Growth Revenue: 3406's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3406's Return on Equity is forecast to be high in 3 years time (21.2%)


Next Steps

Past Performance

How has Genius Electronic Optical performed over the past 5 years?

64.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3406 has high quality earnings.

Growing Profit Margin: 3406's current net profit margins (20.7%) are higher than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: 3406 has become profitable over the past 5 years, growing earnings by 64% per year.

Accelerating Growth: 3406's earnings growth over the past year (67.8%) exceeds its 5-year average (64% per year).

Earnings vs Industry: 3406 earnings growth over the past year (67.8%) exceeded the Electronic industry 5%.


Return on Equity

High ROE: 3406's Return on Equity (20.9%) is considered high.


Next Steps

Financial Health

How is Genius Electronic Optical's financial position?


Financial Position Analysis

Short Term Liabilities: 3406's short term assets (NT$8.6B) exceed its short term liabilities (NT$5.9B).

Long Term Liabilities: 3406's short term assets (NT$8.6B) exceed its long term liabilities (NT$3.8B).


Debt to Equity History and Analysis

Debt Level: 3406's debt to equity ratio (26.1%) is considered satisfactory.

Reducing Debt: 3406's debt to equity ratio has reduced from 73.9% to 26.1% over the past 5 years.

Debt Coverage: 3406's debt is well covered by operating cash flow (124.1%).

Interest Coverage: 3406's interest payments on its debt are well covered by EBIT (68.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Genius Electronic Optical current dividend yield, its reliability and sustainability?

1.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3406's dividend (1.98%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.13%).

High Dividend: 3406's dividend (1.98%) is low compared to the top 25% of dividend payers in the TW market (5.17%).


Stability and Growth of Payments

Stable Dividend: 3406's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3406's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.3%), 3406's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3406's dividends in 3 years are forecast to be well covered by earnings (34.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Genius Electronic Optical has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Genius Electronic Optical Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Genius Electronic Optical Co., Ltd.
  • Ticker: 3406
  • Exchange: TSEC
  • Founded: 1989
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: NT$45.286b
  • Shares outstanding: 100.19m
  • Website: https://www.gseo.com

Location

  • Genius Electronic Optical Co., Ltd.
  • No. 1, Keya East Road
  • Taiwan Science Park
  • Taichung
  • 428
  • Taiwan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3406TSEC (Taiwan Stock Exchange)YesCommon StockTWTWDDec 2004

Biography

Genius Electronic Optical Co., Ltd., an optical technology company, designs, develops, and supplies lenses in Taiwan. It offers mobile lenses; and VR/AR and automotive optics. The company was founded in 19...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 08:35
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.